Acting President Yemi Osinbajo has said that the Federal Government is going to resolve epileptic power supply in the country, in order to boost the economy.
He said this on Thursday at Ososa, Ogun State, during the facility tour of an indigenous company, Rite Foods Limited, which produces sausages and beverages, Punch reports.
He also commended the management of the company for producing products that could compete globally with locally sourced materials.
He said he was proud of genuine local investors with a high sense of patriotism and the spirit of hard work and entrepreneurial development.
He said, “I don’t think there is a problem of trust for a world class product. This is a great enterprise; we have seen that the product is all over the country.
“There are few problems, such as power and all of that, which we hope are going to be resolved.
“This is a classic example of the Nigerian spirit of hard work and entrepreneurship.”
The Managing Director, Rite Foods Limited, Seleem Adegunwa, said the company was faced with the challenge of power supply, as it was not connected to the national grid and had to run on generators.
He said the high cost of power generation had eaten into the company’s profit, adding that despite that, it was competing favourably in terms of product quality.
He said, “We have provided employment for over 1,000 people directly and so many others indirectly.
“Since the company came to this community, it has brought unprecedented economic growth to the area and has also reduced crime rate.”